FIN CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for FIN CONSTRUCT according to publications in the Belgian State Gazette; curator: JASPER BAERT.
Summary
The 2022 annual accounts show equity of €47,524 and a net result of €9,611.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Dendermonde division
- Declared bankrupt
- 16 February 2026
- Official Gazette
- 20-02-2026 (pdf) ↗search the document for 2026/107436
Curator
- Jasper BaertDrukkerijstraat 11, 9240 Zelejasper.baert@flexbusinessattorneys.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-08-2023, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
30 d late
2021
5 d early
2020
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Turnover
€57,648▲ 24.5%
2020 · €46,320
EBIT margin
34.1%▼ 19.6pp
2020 · 53.7%
Net result
€9,611▼ 44.1%
2021 · €17,186
Working capital
€46,925▲ 26.4%
2021 · €37,111
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Turnover€46,320-€57,648▲ 24.5%
Operating result€24,858-€19,633▼ 21.0%€12,272▼ 37.5%
Net result€20,727-€17,186▼ 17.1%€9,611▼ 44.1%
EBIT margin53.7%-34.1%▼ 19.6pp
Equity€20,727-€37,912▲ 82.9%€47,524▲ 25.4%
Total assets€25,933-€48,223▲ 86.0%€62,870▲ 30.4%
Debt€5,207-€10,311▲ 98.0%€15,346▲ 48.8%
Working capital€19,723-€37,111▲ 88.2%€46,925▲ 26.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 37% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €62,870
Fixed assets
€599 ▼ 25.3%
Current assets
€62,271 ▲ 31.3%
Equity and liabilities €62,870
Equity
€47,524 ▲ 25.4%
Debt
€15,346 ▲ 48.8%
Debt's share of the balance-sheet total rises from 21.4% to 24.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,475▼
2021 · €19,836
Cash flow
€9,814▼
2021 · €17,388
Current ratio
4.06▼
2021 · 4.60
Debt to equity
0.32▲
2021 · 0.27
ROE
20.2%▼
2021 · 45.3%
ROA
15.3%▼
2021 · 35.6%
Interest coverage
48.72
Debt ≤ 1 year
€15,346▲
2021 · €10,311
Income taxes
€2,405▼
2021 · €4,331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €46,320 | €57,648 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €37,664 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8 | €202 | €202 | = |
| Other operating charges640/8 | - | €293 | €57 | ▼ 80.5% |
| Gross operating margin9900 | €24,967 | €20,128 | €12,532 | ▼ 37.7% |
| Operating profit (loss)9901 | €24,858 | €19,633 | €12,272 | ▼ 37.5% |
| Financial income75/76B | - | €1,884 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1,075 | €1,884 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | €256 | - |
| Recurring financial charges65 | - | - | €256 | - |
| Profit (loss) for the period before taxes9903 | €25,933 | €21,517 | €12,016 | ▼ 44.2% |
| Income taxes67/77 | €5,207 | €4,331 | €2,405 | ▼ 44.5% |
| Profit (loss) for the period9904 | €20,727 | €17,186 | €9,611 | ▼ 44.1% |
| Profit (loss) for the period to be appropriated9905 | €20,727 | €17,186 | €9,611 | ▼ 44.1% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €25,933 | €48,223 | €62,870 | ▲ 30.4% |
| Fixed assets21/28 | €1,004 | €801 | €599 | ▼ 25.3% |
| Tangible fixed assets22/27 | €1,004 | €801 | €599 | ▼ 25.3% |
| Plant, machinery and equipment23 | - | €801 | €599 | ▼ 25.3% |
| Current assets29/58 | €24,930 | €47,422 | €62,271 | ▲ 31.3% |
| Amounts receivable within one year40/41 | €22,874 | €41,271 | €52,193 | ▲ 26.5% |
| Trade receivables40 | - | €2,069 | €3,574 | ▲ 72.8% |
| Other amounts receivable41 | - | €39,202 | €48,619 | ▲ 24.0% |
| Cash at bank and in hand54/58 | €2,055 | €6,151 | €10,078 | ▲ 63.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €25,933 | €48,223 | €62,870 | ▲ 30.4% |
| Equity10/15 | €20,727 | €37,912 | €47,524 | ▲ 25.4% |
| Profit (loss) carried forward14 | €20,727 | €37,912 | €47,524 | ▲ 25.4% |
| Amounts payable17/49 | €5,207 | €10,311 | €15,346 | ▲ 48.8% |
| Amounts payable within one year42/48 | €5,207 | €10,311 | €15,346 | ▲ 48.8% |
| Trade debts44 | - | €773 | €2,903 | ▲ 275% |
| Suppliers440/4 | - | €773 | €2,903 | ▲ 275% |
| Taxes, remuneration and social security45 | - | €9,538 | €9,798 | ▲ 2.7% |
| Taxes450/3 | - | €9,538 | €9,798 | ▲ 2.7% |
| Other amounts payable47/48 | - | - | €2,645 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,727 | €17,186 | €9,611 | ▼ 44.1% |
| + Depreciation and write-downs630 | €8 | €202 | €202 | = |
| Operating cash flow (approximation) | €20,735 | €17,388 | €9,814 | ▼ 43.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €4,095 | €3,927 | ▼ 4.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
20-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 16-02-2026
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €9,611 ▼44.1%
Net result drops to €9,611, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2020
Ground area
1,679 m²
Building footprint
818 m²
Volume, LiDAR
1,690 m³
2 parcels, Brussels, Flanders · tallest building 23.0 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FIN CONSTRUCT
since 20202.301.437.341
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303E0052/00Y007 | Flanders | 1,558 m² | 1 · 732 m² | 1.8 m |
| 21305B0204/00V019 | Brussels | 121 m² | 1 · 86 m² | 23.0 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JASPER BAERT DRUKKERIJSTRAAT 11, 9240 ZELE- |
16-02-2026 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded17-04-2020
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.